What does the word defalcation mean?

Usage examples for defalcation

  1. The same spirit of justice, which will make every reasonable allowance for the unsuccessful efforts of zeal and loyalty, will not fail to punish the defalcation of principle. – The Niagara River by Archer Butler Hulbert
  2. 3. That, under present circumstances, England is under the necessity of raising seamen, not only for her own navy, but also for the Americans; and that, in proportion as the commerce and shipping of America shall increase, so will the demand upon us become more onerous; and that should we fail in producing the number of seamen necessary for both services, the Americans will always be full manned, whilst any defalcation must fall upon ourselves. – Diary in America, Series One by Frederick Marryat (AKA Captain Marryat)